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rdf:type	schema:NewsArticle
schema:articleBody	White House economic advisor Larry Kudlow said Friday the plunging US stock market is overreacting to the coronavirus outbreak and urged against "panic." "Given what we know factually, it looks to me like the market has gone too far," Kudlow, director of the White House National Economic Council, told reporters. "Our threat assessment is low and the economy is fundamentally sound," he said. "I do not think people should panic." Kudlow spoke as stock markets worldwide saw mass sell-offs, fueled by fears that the outbreak will wreak economic damage far beyond China. There have been 61 confirmed cases in the United States and health experts warn this could rise. Investors, meanwhile, are already spooked by the disruption to China's all-important economy. The Dow Jones Industrial Average was down nearly 1,000 points, or 3.8 percent, in trading Friday. The broad-based S&P was also down 3.5 percent and the tech-rich Nasdaq 2.8 percent. Hong Kong and Shanghai markets ended their week with deep losses. sms/ft
schema:headline	'Market has gone too far' on virus news: Trump economic advisor
schema:mentions	Pretty Maids 2020 coronavirus outbreak in Italy Dow Jones Industrial Average Stock market Ebola virus disease Presidency of Donald Trump Hong Kong United States China Donald Trump University of Wisconsin–Madison Threat assessment National Economic Council (United States) Larry Kudlow NASDAQ Composite Shanghai Stock Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	58 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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